Metro Ag (MEO3) PT Set at €38.00 by Bankhaus Lampe

Metro Ag (ETR:MEO3) has been given a €38.00 ($40.86) price objective by Bankhaus Lampe in a research note issued to investors on Friday. The brokerage currently has a a “buy” rating on the stock.

MEO3 has been the subject of a number of other research reports. Societe Generale set a €22.00 ($23.66) price objective on shares of Metro Ag and gave the company a “sell” rating in a report on Tuesday, September 6th. Kepler Capital Markets set a €26.00 ($27.96) price target on shares of Metro Ag and gave the company a “neutral” rating in a research note on Tuesday, September 6th. Hauck & Aufhaeuser set a €32.00 ($34.41) price target on shares of Metro Ag and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Sanford C. Bernstein set a €23.00 ($24.73) price target on shares of Metro Ag and gave the company a “sell” rating in a research note on Wednesday, October 26th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating on shares of Metro Ag in a research note on Tuesday, September 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. Metro Ag presently has an average rating of “Hold” and an average target price of €30.58 ($32.88).

Metro Ag (ETR:MEO3) opened at 25.425 on Friday. The firm has a market cap of €8.72 billion and a P/E ratio of 8.199. The stock’s 50 day moving average is €24.85 and its 200 day moving average is €24.87. Metro Ag has a one year low of €19.97 and a one year high of €26.00.

Metro Ag Company Profile

Metro AG is a Germany-based company engaged in the self-service wholesale trade sector. The Company operates through three segments: METRO Cash & Carry, Media-Saturn and Real. The METRO Cash & Carry segment operates in the wholesale business for professional customers, such as hotels and restaurants, catering firms, independent retailers, service providers and public authorities, and comprises the brands METRO and MAKRO.